FRESNO, Calif., March 18, 2009 (GLOBE NEWSWIRE) -- Pro Travel Network (OTCBB:PTVL) continues its expansion plans into Australia. It also outlined that since it has no long term debt it has positioned itself well when the economy turns around. Both of those points were highlighted by company CEO, Mr. Paul Henderson, on this week's AOL Small Cap Show produced by AGORACOM Investor Relations.
The interview can be accessed two ways. For those who are AOL subscribers, simply go to AOL and enter the key words "small cap". For those who are not AOL subscribers, the interview can be accessed on the Broadcast Center with AGORACOM at http://agoracom.com/broadcastcenter and by clicking on the hyperlink within the AOL Small Cap show section.
"We're very excited about the prospects for 2009", said Mr. Henderson. "The travel business is a $7 Trillion industry and even in an economic downturn which we are coming out of, it is still a $5-6 Trillion market. We have ventures planned for Australia, the Pacific Rim and Mexico for this year which is another reason for our excitement", he added.
In the interview, Mr. Henderson commented that the company had booked over $5 Million in travel last quarter and maintains its zero long term debt position. Its latest filings showed it had revenue in excess of $1.5 Million for the quarter ending December 31, 2008 and a gross profit of $752,052 which was an increase of 34% over the same quarter last year. After expenses and one time losses, the company realized a basic and diluted net income of $0.00 per share.
About Pro Travel Network
Pro Travel Network is an emerging growth direct to consumer service business leveraging the powerful home-based business concepts with the travel industry. The company offers one of the most unique and comprehensive independent travel agent training packages in the travel industry, and currently has nearly 12,000 Independent Travel Agents nationwide.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. The OTC Bulletin Board has not reviewed this press release and neither approved nor disapproved the information contained in this press release.
For more information, please review the company's filings with the Securities & Exchange Commission (http://www.sec.gov/cgi-bin/browse-edgar?company=pro+travel&CIK=&filenum=&State=&SIC=&owner=include&action=getcompany).
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although Pro Travel Network, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by Pro Travel Network, Inc. or any other person that the objective and plans of Pro Travel Network will be achieved.